{
  "crd_number": 147869,
  "slug": "familywealth-asset-management-lake-mary-fl-147869",
  "primary_business_name": "FAMILYWEALTH ASSET MANAGEMENT",
  "legal_name": "FAMILYWEALTH ASSET MANAGEMENT",
  "dbas": [
    "FAMILYWEALTH ADVISERS, LLC",
    "GUSTAFSSON WEALTH MANAGEMENT, INC.",
    "MUGARIAN INVESTMENT GROUP LLC"
  ],
  "city": "Lake Mary",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "36740",
  "metro": {
    "cbsa_code": "36740",
    "common_name": "Orlando",
    "msa_name": "Orlando-Kissimmee-Sanford, FL",
    "path": "/advisors/fl/orlando"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2009-01-02",
  "years_registered": 17,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 177037715.0,
  "raum_discretionary": 147730263.0,
  "raum_non_discretionary": 29307452.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 38449767.0,
      "count": 384
    },
    "banking_thrift": {
      "raum": 47639450.0,
      "count": 1,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 5046398.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 85902000.0,
      "count": 29
    },
    "corporations_other_businesses": {
      "raum": 100.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "subscription"
  ],
  "advisory_activities": [
    "other",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IA",
    "IL",
    "IN",
    "KS",
    "LA",
    "MA",
    "MD",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "NE",
    "NJ",
    "NM",
    "NV",
    "OH",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WY"
  ],
  "websites": [
    "https://familywealth.us"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/147869",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "LAKE MARY",
  "url": "https://advisorcensus.com/firm/familywealth-asset-management-lake-mary-fl-147869",
  "display_name": "Familywealth Asset Management",
  "summary": "Familywealth Asset Management is an SEC-registered investment advisory firm in Lake Mary, FL, registered since 2009, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Familywealth Asset Management (CRD 147869): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Subscription fees (for a newsletter or periodical)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Familywealth Asset Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Familywealth Asset Management reports these compensation arrangements: a percentage of assets under its management; subscription fees (for a newsletter or periodical); other."
    },
    {
      "q": "How much does Familywealth Asset Management charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Flat fee: $10,000 to $100,000 a year (establishing your IPS, reviewing your Plan structure, investment selection…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Familywealth Asset Management located?",
      "a": "Familywealth Asset Management's principal office is in Lake Mary, FL, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Familywealth Asset Management registered with the SEC or a state?",
      "a": "Familywealth Asset Management is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 147869."
    },
    {
      "q": "How much does Familywealth Asset Management manage?",
      "a": "Familywealth Asset Management reports $177,037,715 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (83% discretionary)."
    },
    {
      "q": "How have Familywealth Asset Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Familywealth Asset Management: Regulatory assets under management: $134,960,061 in the October 2021 data and $177,037,715 in the October 2026 data, up 31%. Total employees: 6 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Familywealth Asset Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (384); high net worth individuals (29); pension and profit sharing plans (but not the plan participants or government pension plans) (6)."
    },
    {
      "q": "Which custodians does Familywealth Asset Management use?",
      "a": "Familywealth Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Austin Capital Trust Company, Charles Schwab & Co., Inc. and Fidelity Distributors Company LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Familywealth Asset Management report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/147869"
    },
    {
      "q": "What changed in Familywealth Asset Management's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Item 11 disclosure answers changed: 3 yes answers, previously 0 (now yes: 11.C(2), 11.C(4), 11.C(5)). Employees performing advisory functions went from 4 to 3. No longer lists an office in Lake Mary, FL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 134960061.0,
      "total_employees": 6,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 268401574.0,
      "total_employees": 6,
      "filing_date": "2022-03-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 198269047.0,
      "total_employees": 5,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 175053545.0,
      "total_employees": 4,
      "filing_date": "2024-09-30"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 180860558.0,
      "total_employees": 4,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 177037715.0,
      "total_employees": 4,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Item 11 disclosure answers changed: 3 yes answers, previously 0 (now yes: 11.C(2), 11.C(4), 11.C(5)).",
        "Employees performing advisory functions went from 4 to 3.",
        "No longer lists an office in Lake Mary, FL."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $10,000 to $100,000 a year (establishing your IPS, reviewing your Plan structure, investment selection…)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $10,000 to $100,000 a year (establishing your IPS, reviewing your Plan structure, investment selection…)"
        ],
        "quotes": [
          "The fee paid for our services will be a flat annual fee of $10,000 - $100,000 or a fee based upon the amount of assets under"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": 10000.0,
          "max": 100000.0,
          "period": "annual",
          "service": "establishing your IPS, reviewing your Plan structure, investment selection and monitoring, fund changes, participant edu"
        }
      ]
    },
    "quotes": [
      "The fee paid for our services will be a flat annual fee of $10,000 - $100,000 or a fee based upon the amount of assets under"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Austin Capital Trust Company",
      "name_as_filed": "AUSTIN CAPITAL TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/familywealth-asset-management-lake-mary-fl-147869.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 384,
      "fewer_than_5": false,
      "raum": 38449767.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 29,
      "fewer_than_5": false,
      "raum": 85902000.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 1,
      "fewer_than_5": true,
      "raum": 47639450.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 5046398.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 100.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/147869",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}